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No Regulation
Score
1.28 /10
Danger
GalaxyStockTrade
1-2 yearsSuspicious Regulatory License
Suspicious Scope of Business
High potential risk
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Comparison
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Exposure
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Website
Score
Regulatory Index0.00
Business Index5.26
Risk Management Index0.00
Software Index4.00
License Index0.00
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Website
Licenses
No valid regulatory information, please be aware of the risk
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
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Warning: Low score, please stay away!
Previous Detection :
2024-12-24
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
WikiFX Verification
| GalaxyStockTradeReview Summary | |
| Founded | 2021-08-07 |
| Registered Country/Region | United States |
| Regulation | Unregulated |
| Market Instruments | Stocks, Forex, CFDs & Cryptocurrencies |
| Demo Account | ✅ |
| Leverage | Up to 1:500 |
| Spread | From 1.2 pips |
| Trading Platform | GalaxyStockTrade, MT4 & MT5(Phones, Tablets & PC) |
| Min Deposit | $100 |
| Customer Support | Email: support@galaxystocktrade.online |
| Online chat | |
| WHATSAPP: +1(606)208-2240 | |
GalaxyStockTrade Information
GalaxyStockTrade is an unregulated broker that offers tradable instruments including stocks, forex, CFDs and cryptocurrencies. GalaxyStockTrade also provides full-day customer support, requiring spreads starting from 1.2 pips, commissions of $0.05 per lot, and a maximum leverage of 1:500.
Pros and Cons
| Pros | Cons |
| Leverage up to 1:500 | Unregulated |
| MT4 & MT5 available | Official website inaccessible |
| 24/7 Customer Support | Spread starts from 1.2 pips |
Is GalaxyStockTrade Legit?
GalaxyStockTradem is not regulated, which makes it less safe than regulated brokers.
What Can I Trade on GalaxyStockTrade?
GalaxyStockTrade provides tradable instruments for Forex, stocks, CDFs, and cryptocurrencies including Bitcoin.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Stocks | ✔ |
| CFDs | ✔ |
| Cryptocurrencies | ✔ |
| Precious Metals | ❌ |
| Shares | ❌ |
| ETFs | ❌ |
| Bonds | ❌ |
| Mutual Funds | ❌ |
Account Type
Traders can choose to open a standard or a VIP account. GalaxyStockTrade also provides demo accounts for newbies. In addition, deposits into VIP accounts will receive a 20% deposit bonus.
| Account Type | VIP | Standard |
| Demo account | Yes | Yes |
| Bonus | 20% deposit bonus | 0 |
GalaxyStockTrade Fees
GalaxyStockTrade provides EUR/USD with a spread of 1.2 pips and a commission of $0.05 per lot.
Leverage
The maximum leverage is 1:500, which means that profits and losses are magnified 500 times.
Trading Platform
GalaxyStockTrade has its proprietary trading platform. In addition, the broker also provides authoritative MT4 and MT5 platforms. MT4 is more suitable for beginner traders, while MT5 is recommended for advanced traders.
| Trading Platform | Supported | Available Devices |
| GalaxyStockTrade | ✔ | Phones, Tablets & PC |
| MT4 and MT5 | ✔ | Phones, Tablets & PC |
Deposit and Withdrawal
The minimum deposit is $100. GalaxyStockTrade accepts credit/debit cards, wire transfers, e-wallets, and bitcoin payments. The handling fee for wire transfer is $30, while the payment ratios for credit/debit cards, e-wallet, and bitcoin are 3%, 2%, and 0.5% respectively.
Customer Support Options
GalaxyStockTrade provides 24/7 customer support, and traders can communicate via online chat, phone, and email.
| Contact Options | Details |
| support@galaxystocktrade.online | |
| Online chat | ✅ |
| +1(606)208-2240 | |
| Supported Language | English |
| Website Language | English |
| Physical Address | 751 Grasslands Road, Valhalla, NY 10595 |
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